Balik Pulau · Subsale Market
Elvina @ Balik Pulau Subsale — Balik Pulau, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on WhatsApp.
Elvina @ Balik Pulau is a completed freehold landed development in Balik Pulau, Penang, completed in 2025 by JKP Sdn. Bhd.. It has 26 units. It launched from around RM 587K in 2021 — that is the launch price, not a current resale figure. WhatsApp Zac for live asking prices.
Price at a glance
Prices as at November 2026 — Developer launch prices basis. Last checked 2026-10-09. A negotiation floor, not what it trades at today.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 1,400–2,200 | RM587,000 | ~RM419 |
Zac’s Take
Zac Ong
At RM587,000, Elvina is one of the cheapest freehold landed entry points in this whole Balik Pulau area, and the facilities list tells you why: gated and guarded, full stop, nothing else. No clubhouse, no pool, no frills — this is a bare-bones 26-unit scheme mixing 2-storey terraces (1,400–1,800 sq ft) and semi-detached units (1,800–2,200 sq ft), completed in 2025. That's actually refreshing after wading through developer brochures padded with facility lists that don't match a small landed enclave. The trade-off is exactly what you'd expect at this price: you're not paying for lifestyle amenities, you're paying for a roof, land title, and the freehold basics. This suits a first-time landed buyer or someone upgrading from an apartment who wants their own gate and driveway without stretching into the RM800k-plus tier that neighbouring Botanica.CT projects sit at. Don't expect resort trimmings — expect a functional, affordable landed home in a quiet rural pocket of the island.
Reviews and comparisons
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy an Elvina @ Balik Pulau subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within months, not years. Most resales complete in four to six months, a little longer if you need state consent as a foreign buyer.
Verified surroundings
Balik Pulau's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Elvina @ Balik Pulau.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
Due diligence before buying at Elvina @ Balik Pulau
- 1.Individual title status — Confirm whether individual title has issued and is in the seller's name. Master-title landed transactions carry extra steps and time.
- 2.Approved extensions — Most landed resales have some extension. Ask for the approved plan — unapproved structures can be an issue at your own resale or refinancing.
- 3.Drainage and ground level — Walk the perimeter and ask neighbours directly about flooding history. Penang's heavy-rain events are the honest test, not a dry-day viewing.
- 4.Gated scheme fees and rules — For gated-and-guarded schemes, confirm the monthly fee, what it covers, and the collection rate. Poor collection means declining security cover.
- 5.Roof, structure and termites — Commission an inspection for anything over fifteen years old. Roof and termite remediation are the two costs that most often blow a landed budget.
Elvina @ Balik Pulau price 2026
What Elvina @ Balik Pulau trades at on the sub-sale market, last checked 2026-10-09.
| Asking from | RM587,000+ |
| Built-up | 1,400 – 2,200 sqft |
| Completed | 2025 |
| Units | 26 |
Developer launch price. This is what the developer charged at launch, not what the building trades at today. Treat it as a floor for negotiation, not a guide to current value.
Recent prices. Launch price. A two-storey terrace of about 2,143 sq ft was listed at about RM700,000 in 2026; ask for recent transactions.
The building is 1 year old. Still young. The defects liability period has long expired, so anything outstanding is now the management corporation’s problem and, through the sinking fund, partly yours. Check what was actually rectified.
Every unit here sits below the RM3M foreign-buyer minimum, so this building is open to Malaysian and PR buyers only.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep — and if you are near the five-to-six-year line, the date matters more than the price.
Elvina @ Balik Pulau for sale & for rent
Looking to buy or rent a home in Elvina @ Balik Pulau? Asking prices and rents move with the market and with the specific home — floor, facing, condition — so rather than quote a stale number, message Zac for the current listings and a straight read on what is realistic today.
Elvina @ Balik Pulau key facts
- Developer
- JKP Sdn. Bhd.
- Area
- Balik Pulau, Penang
- Type
- landed
- Tenure
- freehold
- Completed
- 2025
- Total units
- 26
- Price from
- RM 587K
Balik Pulau — area snapshot
Full area guide →Price range
RM 492K – RM 804K
asking prices in area
Active projects
1
selling or under construction
Subsale condos
2
completed projects
Total tracked
4
properties in this area
Other projects in Balik Pulau
Other projects in Balik Pulau
All 3 others we track here, cheapest first — 1 of them still selling.
- Eden at Botanica CTRM492K
- Geranium @ Botanica.CTRM688K
- Begonia @ Botanica.CTRM804K
Elvina @ Balik Pulau subsale — common questions
What is the price of Elvina @ Balik Pulau?
Launch price. A two-storey terrace of about 2,143 sq ft was listed at about RM700,000 in 2026; ask for recent transactions.
Is Elvina @ Balik Pulau freehold or leasehold?
Elvina @ Balik Pulau is freehold. I have not been able to confirm the land title class — check it with the developer, because a commercial title changes your utility tariffs and loan margin.
Can a foreigner buy at Elvina @ Balik Pulau?
Yes, if you are on MM2H. MM2H participants can buy residential property in Penang from RM500,000 (up to two homes), and Elvina @ Balik Pulau is priced above that. Other foreign buyers need RM3,000,000 for landed property on the island, which homes here do not reach. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
When was Elvina @ Balik Pulau completed?
Elvina @ Balik Pulau was completed in 2025 by JKP Sdn. Bhd., so homes here are bought from existing owners.
How big are the homes at Elvina @ Balik Pulau?
Homes range from about 1,400 to 2,200 sq ft. There are 26 homes in total.
What's the difference between the terrace and semi-D units?
The 2-storey terraces run 1,400–1,800 sq ft, while the 2-storey semi-detached units are larger at 1,800–2,200 sq ft. Ask Zac for the current price list by unit type.
Is there a clubhouse or shared facilities?
No. Apart from gated and guarded security, no shared facilities are listed. This is a no-frills landed scheme without shared amenities.
More on the neighbourhood:
Balik Pulau area guide — schools, transport, PSF, lifestyle scorecard →Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.